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Yahoo
2 days ago
- Entertainment
- Yahoo
TGE's Films become a Global Brand in the Entertainment Industry to Shine Bright at the Box Office
PARIS and NEW YORK and SINGAPORE, June 18, 2025 /PRNewswire/ -- AMTD Group Inc. ("AMTD" or the "Group"), alongside The Generation Essentials Group (NYSE: TGE), a subsidiary of the Group under AMTD Digital (NYSE: HKD), jointly announced that following its premier as the opening film at the Shanghai International Film Festival on June 21st, TGE's latest release, "She's Got No Name", has gained remarkable momentum over the past five days and is poised for great success. The film achieved great success on its opening day pre-sale, ranking first in both box office revenue and audience turnout among all releases during the 2025 summer movie season in China. As of today, its total pre-sale box office has exceeded RMB30 million (USD4.2 million). The anticipation surrounding the film has been exceptional, making it the most expected release of the season. Notably, it has become a leading hit in smaller cities in China and has garnered strong interest from female audiences and young viewers—underscoring its broad appeal and widespread popularity. From a marketing perspective, the movie campaign has generated significant global attention, reaching over 1.3 billion people. The film has topped Douyin's trending topic list and secured fourth place on Weibo's hot search chart, highlighting its strong momentum and influential presence. In addition to "She's Got No Name", TGE's upcoming film "My First of May" held a special preview screening on Father's Day, June 21st. The tickets for the preview event sold out in no time very quickly, reflecting strong audience interest. It also received an enthusiastic response, with viewers expressing deep emotional resonance with the heartfelt father-daughter story portrayed in the film. In addition to the two highly anticipated films, TGE has established a proven track record of success in the past few years, consistently resonating with audiences and achieving strong box office performance. About The Generation Essentials Group (formerly known as World Media and Entertainment Universal Inc.) The Generation Essentials Group, jointly established by AMTD Group, AMTD IDEA Group (NYSE: AMTD; SGX: HKB) and AMTD Digital Inc. (NYSE: HKD), is headquartered in France and focuses on global strategies and developments in multi-media, entertainment, and cultural affairs worldwide as well as hospitality and VIP services. TGE comprises L'Officiel, The Art Newspaper, movie and entertainment projects. Collectively, TGE is a diversified portfolio of media and entertainment businesses, and a global portfolio of premium properties. About AMTD Group AMTD Group is a conglomerate with a core business portfolio spanning across media and entertainment, education and training, and premium assets and hospitality sectors. About AMTD IDEA Group AMTD IDEA Group (NYSE: AMTD; SGX: HKB) represents a diversified institution and digital solutions group connecting companies and investors with global markets. Its comprehensive one-stop business services plus digital solutions platform addresses different clients' diverse and inter-connected business needs and digital requirements across all phases of their life cycles. AMTD IDEA Group is uniquely positioned as an active super connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit or follow us on X (formerly known as "Twitter") at @AMTDGroup. About AMTD Digital Inc. AMTD Digital Inc. (NYSE: HKD) is a comprehensive digital solutions platform headquartered in France. Its one-stop digital solutions platform operates key business lines including digital media, content and marketing services, investments as well as hospitality and VIP services. For AMTD Digital's announcements, please visit Safe Harbor Statement This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "aims," "future," "intends," "plans," "believes," "estimates," "likely to," and similar statements. Statements that are not historical facts, including statements about the beliefs, plans, and expectations of TGE, AMTD IDEA Group and/or AMTD Digital, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the filings of TGE, AMTD IDEA Group and AMTD Digital with the SEC. All information provided in this press release is as of the date of this press release, and none of TGE, AMTD IDEA Group and AMTD Digital undertakes any obligation to update any forward-looking statement, except as required under applicable law. For AMTD IDEA Group:IR OfficeAMTD IDEA GroupEMAIL: ir@ For AMTD Digital Inc.:IR OfficeAMTD Digital ir@ For The Generation Essentials Group:IR OfficeThe Generation Essentials GroupEMAIL: tge@ View original content to download multimedia: SOURCE AMTD IDEA Group; AMTD Digital; The Generation Essentials Group Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Sinar Daily
4 days ago
- Business
- Sinar Daily
The 1Fit fisco: How a popular fitness app left hundreds of Malaysians in the lurch
SHAH ALAM – Hundreds of Malaysian users have been left in limbo after the popular fitness app 1Fit abruptly shut down its operations this month. Despite promoting and renewing memberships up until the very last days, the app's management blamed financial difficulties and announced a liquidation process, leaving users confused, frustrated and calling for government intervention. 1Fit CEO and founder Murat Alikhanov. Photo: 1Fit's official Instagram page. From Fitness Favourite to Sudden Farewell Known for its affordable access to a variety of workouts, from bouldering and pilates to gym and swimming sessions, 1Fit quickly gained popularity among Malaysian fitness enthusiasts. But on June 14, the company shocked its user base by announcing via Instagram that it was ceasing operations in Malaysia. The announcement came alongside a video message from 1Fit Chief Executive Officer (CEO) and founder Murat Alikhanov, who cited unsustainable costs as the key reason for the shutdown. 'This is not how we wanted the story to end. We are heartbroken, for our team, for our partners and for our users who loved the product. To everyone who supported us, thank you. To our Malaysian community, we are deeply sorry that we could not take this further,' Alikhanov said. He claimed 1Fit had invested USD4.2 million (RM17.8 million) into building its Malaysian platform, but despite their efforts, it had become unsustainable. He provided refund instructions via a WhatsApp link, assuring users that refund requests would be processed in queue order and subject to available funds under a formal liquidation process. Users Left Without Access or Answers However, users who paid in advance for memberships ranging between RM1,500 to RM3,500 have been left without services or clarity. Many were unable to use their full subscriptions, including Maine, a user who had paid RM2,500 for a 15-month plan but had only used it for 2.5 months since joining in April. Her friend, who had been on the app for nearly a year, also suffered losses and had submitted a refund request, awaiting further updates. As of the date of the closure, many users reported a lack of official communication and radio silence across 1Fit's support and social platforms. A statement shared by affected users revealed that over 600 individuals have since joined a WhatsApp support group in hopes of coordinating efforts and sharing information. Many voiced concerns that the only available refund process, a Google Form requiring users to agree that refunds are subject to queue order and available funds, felt untrustworthy and vague. 'To date, many affected users have reported a lack of official communication from 1Fit regarding reimbursements. The company's social media platforms and customer support channels have gone silent, leading to growing concerns over transparency and accountability,' the group shared. Was It a Scam? Users Question 1Fit's Ethics Critics and users have taken to Instagram to vent their frustrations. 'What happens to those who recently paid over RM2,500 for a full-year membership? Why shut down so abruptly without any prior warning? After raising the membership price, the company suddenly closes. Was 1Fit a scam all along?' @aafiqazlan questioned. User @idorashazlina tagged the police and demanded an investigation. 'You were just urging everyone to renew their membership and now, barely a week later, you pull this stunt? Something does not add up,' she said. Another user, @yee_minnn, accused the company of knowingly misleading consumers. '1Fit continued to actively promote and encourage renewals of their membership plans, despite allegedly being aware that they were on the brink of shutting down. This is a clear breach of ethical conduct,' he said. International Complications and Calls for Government Action Adding to users' concerns is the fact that 1Fit also previously shut down in Mexico, allegedly without refunding users there. To make matters more complicated, Alikhanov is reportedly based in Kazakhstan, creating cross-border legal barriers that hinder Malaysian users from pursuing direct legal action or claiming refunds. Affected users are now urging the Malaysian government to intervene, calling on the Domestic Trade and Cost of Living Ministry (KPDN), the Communications and Digital Ministry and the Youth and Sports Ministry to step in. 'The 1Fit episode represents more than a failed startup, but a wake-up call for how well Malaysia protects its citizens from businesses such as this. "We urge the ministries to break the silence and stand up for Malaysian consumers now,' the statement added. What Now for Users? As of now, there is no new official statement from 1Fit and refund status remains unclear. Users have been advised to document their payments, join user support groups and report the issue to consumer protection agencies like KPDN or National Consumer Complaints Centre (NCCC).
